USD/JPY is likely to breakout as the Fed might tight its policy

8 Şub 2021

+63 pips registered on the previous long position. The technical suggest that the breakout from the ascending channel is still highly possible. Moreover , the recent discussion on tightening the monetary policy by the American Central Bank (Fed) due to the updated inflation expectation (dailyfx.com/forex/fundamental/forecast/weekly/usd/2021/02/06/US-Dollar-Forecast-Climbing-Inflation-Expectations-May-Underpin-USD.html) give me more of a bullish vision here.